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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm slips over 1% on weaker soyoil, bearish MPOB data
CPO futures rebound on soybean oil gains
05/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed earlier gains due to stronger performance in the soybean oil market during Asian trading hours, said palm oil trader David Ng.
Better prospects for plantation companies in 2H24
06/09/2024 (The Star), Kuala Lumpur - Plantation companies are expected to see steady performance for the second half of 2024 amid stable crude palm oil (CPO) prices through the year.
Malaysian palm oil lower
05/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses to a third straight session on Wednesday, tracking a drop in prices of rival vegetable oils and a decline in India’s palm oil imports.
Soybeans Weaker on Thursday, but Off the Lows
05/09/2024 (Barchart) - Soybeans are pulling off the early morning lows, with contracts down 2 to 3 cents in the nearbys at midday. Soymeal futures are dropping $5.50/ton in October. Soy Oil futures are back up 101 points in a rebound. There were no deliveries against September soybean meal or oil overnight, with 4 issued against September soybeans.
Betting On Biodiesel And Oleo For Catalysts
05/09/2024 (Business Today) - The plantation sector’s performance for 2QCY24 showed mixed results, with five companies meeting expectations, one falling short, and three exceeding projections. The overall earnings were driven by strong crop yields and elevated crude palm oil (CPO) prices, which ranged between RM3,834 to RM4,129 per metric tonne (Mt). The average selling price (ASP) of CPO strengthened to RM4,038/Mt, marking a 1.4% quarter-on-quarter increase and a 5.0% rise year-on-year. Analysts have adjusted their sector profit forecasts by +3% for FY24E, FY25E, and FY26F due to improved demand for derivative products, notably oleochemicals and biodiesel.
Malaysia eyes new green tech to boost sustainable palm oil production
04/09/2024 (New Straits Times), Kuala Langat - The government is currently evaluating the use of RT-ECO technology, a cutting-edge method for treating palm oil mill effluent (POME), to enhance sustainable palm oil production in Malaysia.
Indonesia plans to cut palm oil export levy to improve competitiveness, government official says
04/09/2024 (The Edge Malaysia), Jakarta - Indonesia, the world's biggest palm oil exporter, plans to lower export levy rates of the tropical oil to improve competitiveness against rival vegetable oils and raise farmers' income, a government official said on Wednesday.
CPO futures continue to slide amid rising stockpile concerns, soy oil weakness
04/09/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its decline on Wednesday amid concerns over rising stockpiles.
India’s planned palm oil import tax hike could hurt Indonesia exports
04/09/2024 (ANN/Jakarta Post) - A plan by India, the world’s top buyer of vegetable oils, to increase its import tax on the commodity could hamper the growth of Indonesia’s palm oil exports.
